Seprod and Eppley gained $3 at the close on Monday, Guardian Holdings dropped $15.40 and Massy Holdings $6 and were the major movers on the Jamaica Stock Exchange Main Market, following activity in 59 securities as was the case on Friday, with prices of 18 stocks rising, 22 declining and 19 ending unchanged, with the volume of stocks traded dropping 50 percent with a 50 percent lower value than Friday’s trades.
The market closed with 15,366,921 shares trading for $40,907,311 down from a total of 30,657,259 units at $81,703,584 on Friday.
Trading averaged 260,456 shares at $693,344 compared to 519,615 units at $1,384,807 on Friday and month to date, an average of 310,438 stocks at $2,354,341 compared with 313,863 shares at $2,468,161 on the previous day and July that closed with an average of 602,415 stocks at $5,405,031.
Radio Jamaica led trading with 10.51 million shares for 68.4 percent of total volume followed by Transjamaican Highway with 1.11 million units for 7.2 percent of the day’s trade and JMMB 9.5% preference share with 859,789 stocks for 5.6 percent market share.
The All Jamaican Composite Index dropped 1,178.41 points to finish at 349,832.54, the JSE Main Index plunged 3,382.53 points to 304,809.02 and the JSE Financial Index slipped 0.70 points to settle at 64.52.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, AS Bryden sank $3.33 to $33.62 with a transfer of 3,744 shares, Berger Paints skidded 50 cents to end at $6.35 with investors dealing in 5,275 stocks, Caribbean Cement increased 51 cents in closing at $64.49 after a transfer of 10,663 shares. Eppley popped $3 to finish at $38 with traders dealing in 304 stock units, Eppley Caribbean Property Fund sank $1.19 and ended at $40.80 after closing with an exchange of 5,725 shares, First Rock Real Estate rallied 62 cents to close at $10.92 after a swapping of 34,734 units. General Accident shed 80 cents to $5.50 with investors trading 5,106 stocks, GraceKennedy rose $1.50 and ended at $73.50 with an exchange of 14,661 stock units, Guardian Holdings dropped $15.40 to end at $301, with 203 shares changing hands. 
JMMB Group advanced 58 cents in closing at $21.68 after an exchange of 24,459 stocks, Key Insurance climbed 60 cents to finish at $3 after investors traded 4,000 units, Massy Holdings fell $6 to close at $70 in an exchange of 10,286 stock units. Mayberry Jamaican Equities gained $1.20 to end at $10.20, with 35,350 shares crossing the market, NCB Financial rose 50 cents to end at $53 in an exchange of 45,046 units and Seprod gained $3 in closing at $85 after 14,250 stocks passed through the market.
In the preference segment, 138 Student Living preference shares dropped $49 to close at $160 with 125 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big price moves in ICTOP10
Markets were relatively calm this past week with the Main Market index rising and the Junior Market index slipping mildly, but that only misses some meaningful price moves in the TOP10. The effect on the ICTOP10 was mixed, with the All JSETOP10 seeing two changes and none for the Main and Junior Market TOP10. Price changes were limited in the Junior Market but pronounced in the Main Market TOP10.
At the close of the week, the mercurial price mover that trades as Kremi (Caribbean Cream) with delayed quarterly results, climbed 13 percent in closing at $3.45. Investors could be missing out on bargain prices currently. The company’s November quarter revenues rose a solid 9.5 percent, followed by a further rise by 13 percent in the 2024 fourth quarter, compared to just 2.6 percent for the nine months to November last year, suggesting a big increase of revenues and profit for the current fiscal year. AMG Packaging fell 7 percent to $2.61.
In the Main Market, Berger Paints and 138 Student Living gained 8 percent to $6.85 and $4.30 respectively and Pulse Investments rose 5 percent to $1.60. Stocks declining include Guardian Holdings and Margaritaville with a 10 percent fall to $316.40 and $12.50 respectively and Key Insurance lost 7 percent to $2.40. By the end of the week, Guardian Holdings recovered from a fall to $288.
The All JSE TOP10 includes ten stocks on the Jamaica Stock Exchange with the highest potential gains in the market currently, based on projected 2024 earnings. The chart now shows Pulse Investments and Elite Diagnostic entering the All JSE TOP10 list as Access Financial and Iron Rock Insurance dropped out.
There were no changes to the Main Market and Junior Market TOP10 listings.
The average PE for the JSE Main Market ICTOP 10 stands at 4.8, well below the market average of 14 and the Junior Market TOP10 sits at 5.9, just over half of the market, with an average of 12.
The Main Market ICTOP10 is projected to gain an average of 331 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 267 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 102, with an average of 29 and 20 excluding the highest PE ratios, and a PE of 23 for the top half and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 7 stocks, or 15 percent of the market, with PEs ranging from 15 to 22.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE Main Market rises with volume surge
Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks changing hands rising 393 percent valued 66 percent less than on Thursday, following activity in 59 securities as was the case on Thursday. The market closed with prices of 15 stocks rising, 28 declining and 16 ending unchanged and yet the main indices popped higher.
The market closed with 30,657,259 shares being trading for $81,703,584 compared with 6,224,611 stock units at $239,670,235 on Thursday.
Trading averaged 519,615 shares at $1,384,807 compared with 105,502 units for $4,062,207 on Thursday. Trading for the month to date, averages 313,863 stock units at $2,468,161 compared with 298,727 units at $2,547,859 on the previous day and July with an average of 602,415 units at $5,405,031.
Radio Jamaica led trading with 15.48 million shares for 50.5 percent of total volume followed by Sagicor Select Financial Fund with 8.70 million stock units for 28.4 percent of the day’s trade, Wigton Windfarm ended with 1.86 million units for 6.1 percent of market share, Transjamaican Highway with 1.60 million stocks for 5.2 percent market share and Jamaica Broilers with 1.02 million shares for 3.3 percent of total volume.
The All Jamaican Composite Index popped 1,212.91 points to settle at 351,010.95, the JSE Main Index rallied 2,491.45 points to 308,191.55 and the JSE Financial Index rose 0.90 points to conclude trading at 65.22.
The Main Market closed with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and forecasted earnings computed by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments declined 70 cents to $73.26 as investors exchanged 6,292 stocks, Eppley Caribbean Property Fund rallied $1.05 to $41.99 with a transfer of 3,076 shares, General Accident shed 69 cents to close at $6.30 after an exchange of 17,138 units. GraceKennedy lost $2.90 and ended at $72 with investors trading 37,826 stocks, Guardian Holdings popped $26.40 in closing at $316.40 in switching ownership of 1,400 shares, Jamaica Producers fell $1 to finish at $20 as 15,657 stocks passed through the market. Jamaica Stock Exchange skidded 72 cents and ended at $10.03 with investors trading 107,795 units, JMMB Group fell 60 cents to $21.10 in an exchange of 64,702 stock units, Kingston Wharves gained 40 cents to end at $27.90 trading 3,140 shares. Margaritaville dropped $1.30 in closing at a 52 weeks’ low of $12.50 with an exchange of 35,001 units, Massy Holdings rose 50 cents to finish at $76, with 8,000 stocks crossing the market, MPC Caribbean Clean Energy climbed $8.80 to close at $96.80 in an exchange of 25 stock units. 
NCB Financial rose 50 cents to $52.50 with investors dealing in 39,649 shares, Proven Investments sank $1.05 to finish at $16.30 after a transfer of 15,884 stocks, Salada Foods advanced 65 cents and ended at $3.85 in trading 1,004 units. Scotia Group dipped 95 cents to $44.01, with 8,307 stock units crossing the exchange, Seprod rose $1.99 to end at $82 with investors swapping 2,174 shares and Sygnus Real Estate Finance dropped 54 cents to close at $10 closed after an exchange of 5,599 stock units.
In the preference segment, Eppley 7.25% preference share jumped $3.46 to $18.60 after an exchange of 23,369 stocks, 138 Student Living preference share sank $1 in closing at $209 after 59 units changed hands and Sygnus Credit Investments C10.5% dipped $8.11 to close at $101.39 with traders dealing in 400 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Grace Kennedy dominates Main Market trading
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 13 percent and the value 241 percent more than on Wednesday, with trading in 59 securities compared with 52 on Wednesday, with prices of 23 stocks rising, 15 declining and 21 ending unchanged.
The market closed with trading in 6,224,611 shares for $239,670,235 up from 5,507,605 stock units for $70,218,123 at the close on of the market on Wednesday with Grace Kennedy accounting for 2 million shares with a $150 million value and NCB Financial with 1.4 million shares for $72.44 million.
Trading averaged 105,502 shares at $4,062,207 compared with 105,915 stocks at $1,350,349 on Wednesday and trading for the month to date, with an average of 298,727 stocks at $2,547,859 versus 314,070 units at $2,427,608 on the previous day and July with an average of 602,415 shares at $5,405,031.
GraceKennedy led trading with 2.03 million shares for 32.6 percent of total volume followed by NCB Financial with 1.42 million units for 22.8 percent of the day’s trade and Transjamaican Highway with 978,533 stock units for 15.7 percent market share.
The All Jamaican Composite Index dropped 417.06 points to finish at 349,798.04, the JSE Main Index dipped 273.76 points to end at 305,700.10 and the JSE Financial Index skidded 0.01 points to end the day at 64.32.
The Main Market closed with an average PE Ratio of 14.6 The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Berger Paints gained 45 cents and ended at $6.85 with investors trading 75 stock units, Eppley Caribbean Property Fund popped $3.94 to $40.94 after a transfer of 29 shares, GraceKennedy climbed $1.90 to close at $74.90 in trading 2,028,137 units. JMMB Group increased 70 cents to finish at $21.70 with 37,359 stocks clearing the market, Kingston Wharves rose 50 cents to end at $27.50 with investors swapping 8,550 units, Lasco Manufacturing advanced 46 cents in closing at $7.08 in an exchange of 111,494 stocks. Massy Holdings skidded 50 cents to $75.50 with investors dealing in 126 shares, Mayberry Jamaican Equities sank 99 cents and ended at $9.01 in an exchange of 2,852 stock units, NCB Financial shed 80 cents to finish at $52 with investors trading 1,417,121 shares. 
Pan Jamaica rallied 79 cents to close at $49.79 with an exchange of 19,610 stock units, Proven Investments rose $2.35 in closing at $17.35 after 436 stocks changed hands, Salada Foods lost 65 cents to end at $3.20 as investors exchanged 5,757 units. Scotia Group rallied 96 cents in closing at $44.96 in trading 17,602 stocks and Seprod dipped $3.99 to $80.01 with 538 units crossing the exchange.
In the preference segment, Eppley 7.25% preference share fell $2.66 to close at $15.14 with traders dealing in 10,245 shares. 138 Student Living preference share increased $31.50 to end at $210 in switching ownership of 59 stock units and Sygnus Credit Investments C10.5% climbed $8.12 to finish at $109.50, with 17 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
A solid surge in the value of rising stocks on the Jamaica Stock Exchange Main Market pushed the market indices higher on Wednesday, following trading in 52 securities compared with 60 on Tuesday, with prices of 12 stocks rising, 22 declining and 18 ending unchanged, with the volume of stocks traded declining 20 percent and the value marginally more than on Tuesday.
The market closed with 5,507,605 shares trading for $70,218,123 down from 6,902,923 units at $68,837,980 on Tuesday.
Trading averaged 105,915 shares at $1,350,349 compared to 115,049 units at $1,147,300 on Tuesday and for the month to date, an average of 314,070 stock units at $2,427,608 compared with 329,735 shares at $2,508,676 on the previous day and July with an average of 602,415 units at $5,405,031.
Wigton Windfarm led trading with 1.71 million shares for 31 percent of total volume followed by Transjamaican Highway with 1.22 million units for 22.1 percent of the day’s trade and GraceKennedy with 491,914 stocks for 8.9 percent market share.
The All Jamaican Composite Index rallied 2,605.48 points to conclude trading at 350,215.10, the JSE Main Index advanced 1,598.32 points to end at 305,973.86 and the JSE Financial Index rose 0.73 points to finish at 64.33.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1.07 to end at $73.96 with 10,571 shares crossing the market, Caribbean Cement popped 89 cents to $64.39 in trading 2,495 stocks, General Accident climbed 52 cents in closing at $7.02, with 2,001 shares changing hands. <
b>GraceKennedy dipped $1.10 and ended at $73 with investors swapping 491,914 stock units, Guardian Holdings rose $2 to finish at $290 in an exchange of 2,193 shares, Jamaica Broilers fell $1.21 to close at $34.50 with investors trading 31,647 stocks. JMMB Group slipped 96 cents to $21 after an exchange of 52,155 units, Pan Jamaica lost 75 cents to close at $49 with investors trading 47,785 stocks, Proven Investments sank $2.46 to finish at a 52 weeks’ low of $15 in switching ownership of 30,230 shares. Scotia Group declined $1 and ended at $44 as investors exchanged 64,065 stock units and Seprod advanced $4 to end at $84 with a transfer of 1,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading on JSE Main Market
Trading volumes dropped on Tuesday, with a higher value than Monday on the Main Market of the Jamaica Stock Exchange, with the volume of stocks traded declining 11 percent and the value jumping 109 percent more than on Monday, with trading in 60 securities on both Tuesdays and Monday, with prices of 22 stocks rising, 21 declining and 17 ending unchanged.
Trading ended with an exchange of 6,902,923 shares for $68,837,980 compared with 7,762,350 units at $32,965,450 on Monday.
Trading averaged 115,049 shares at $1,147,300 compared to 129,373 units at $549,424 on Monday and trading for the month to date, averages 329,735 stock units at $2,508,676 compared with 350,148 shares at $2,638,125 on the prior day compared with July with an average of 602,415 stock units at $5,405,031.
Transjamaican Highway led trading with 2.16 million shares for 31.3 percent of the day’s volume followed by Wigton Windfarm with 1.24 million units for 18 percent of the day’s trade and Wisynco Group with 750,121 stock units for 10.9 percent market share.
The All Jamaican Composite Index dipped 1,081.95 points to close at 347,609.62, the JSE Main Index increased 58.67 points to cease trading at 304,375.54 and the JSE Financial Index sank 0.74 points to 63.60.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings that are computed by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden skidded 55 cents to end at $36.95, with 449 stocks passing through the exchange, Barita Investments rallied $1.79 to $72.89 with investors trading 7,427 units, Caribbean Cement sank 99 cents to end at $63.50 in an exchange of 14,626 shares. Eppley Caribbean Property Fund shed $7.65 in closing at $37 with investors trading 4,490 stock units, First Rock Real Estate popped 30 cents and ended at $10.60 after 175,714 shares crossed the market, General Accident sank 52 cents to finish at $6.50 with an exchange of 1,000 units. 
GraceKennedy slipped 89 cents to $74.10 after 237,405 stocks passed through the market, Guardian Holdings fell $21 and ended at $288 with traders dealing in 17,897 stock units, Jamaica Broilers climbed $1.70 to end at $35.71 in an exchange of 2,982 shares. JMMB Group rose $1.16 in closing at $21.96 with investors dealing in 16,927 units, Kingston Wharves dipped 87 cents to close at $27.10 with 996 stocks clearing the market, Lasco Manufacturing lost 33 cents to finish at $6.62 with investors swapping 80,808 stock units. Mayberry Group dropped 30 cents and ended at $7.60 in switching ownership of 17,365 shares, Mayberry Jamaican Equities gained $1 to close at $10 after an exchange of 4,282 stock units, NCB Financial advanced 89 cents to finish at $53 in trading 35,960 units. Pan Jamaica rallied $1.75 in closing at $49.75 after an exchange of 8,929 stocks, Proven Investments popped $1.16 to end at $17.46 with investors trading 7,651 units, Scotia Group rallied 90 cents to close at $45 after a transfer of 251 stocks. Sterling Investments increased 40 cents to $2.50 as investors exchanged 156,962 shares and Wisynco Group declined 43 cents to end at $20.01 with a transfer of 750,121 stock units.
In the preference segment, Sygnus Credit Investments C10.5% lost 70 cents in closing at $101.05, with 600 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks push down JSE Main Market
Guardian Holdings plunged $41 in trading on the Jamaica Stock Exchange Main Market on Monday, as the volume of stocks traded dived 84 percent and the value dropped 71 percent lower than on Friday, with activity in 60 securities compared with 53 on Friday, with prices of 26 stocks rising, 21 declining and 13 ending unchanged.
The market closed with 7,762,350 shares being traded for $32,965,450 compared with 48,608,865 units at $112,089,625 on Friday.
Trading averaged 129,373 shares at $549,424 compared to 917,148 units at $2,114,899 on Friday and month to date, an average of 350,148 stocks at $2,638,125 compared with 373,347 shares at $2,857,603 on the previous trading day and July with an average of 602,415 units at $5,405,031.
Wigton Windfarm led trading with 1.82 million shares for 23.4 percent of total volume followed by Radio Jamaica with 1.61 million stock units for 20.7 percent of the day’s trade and Transjamaican Highway with 1.08 million units for 14 percent of the day’s trade.
The All Jamaican Composite Index dropped 2,742.57 points to close at 348,691.57, the JSE Main Index declined 2,066.75 points to conclude trading at 304,316.87 and the JSE Financial Index skidded 0.77 points to settle at 64.34.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments dipped $2.85 to finish at $71.10 with investors trading 6,049 stocks, Caribbean Cement rose 49 cents and ended at $64.49 after a transfer of 756 units, Eppley sank $2.99 to $35.11 as investors exchanged 4,418 shares. Eppley Caribbean Property Fund rallied $3.90 to close at a 52 weeks’ high of $44.65, with 18,917 stock units clearing the market, General Accident popped 52 cents in closing at $7.02 and closed after just 5 shares were traded, GraceKennedy gained $1.59 to end at $74.99 in an exchange of 61,594 units. Guardian Holdings shed $41 to close at $309 trading 2,378 stocks, Jamaica Broilers dropped 99 cents to finish at $34.01 with a transfer of 56,094 stock units, Jamaica Producers lost $1.95 and ended at $21 after 35,101 shares passed through the market. 
Jamaica Stock Exchange climbed 57 cents to close at $10.93 in trading 7,242 units, JMMB Group slipped $1.10 to end at a 52 weeks’ low of $20.80 after an exchange of 59,568 stocks, Kingston Wharves increased 97 cents in closing at $27.97 with investors trading 3,184 stock units. Massy Holdings advanced $3.90 to $75.90 with an exchange of 8,145 shares, 138 Student Living popped 30 cents in closing at $4.30, with 360,045 stocks crossing the market, Pan Jamaica gained $2 to close at $48 with investors swapping a mere one unit. Proven Investments fell $1.55 to end at $16.30 after an exchange of 7,987 stock units, Supreme Ventures rose 80 cents to finish at $21 with investors dealing in 26,174 shares and Wisynco Group climbed 44 cents and ended at $20.44 in switching ownership of 87,489 units.
In the preference segment, Jamaica Public Service 9.5% increased $1 to $2,700 with traders dealing in 2 stocks and 138 Student Living preference share skidded $31.50 to end at $178.50, with 13 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Elite leaps into # 2 on ICTOP10
Much is happening currently in the Jamaica stock market, for earnings season for the second quarter of the year is mostly over and it produced a mix of results some of which affected the price of the stocks at the same time the Junior market recorded only two days of gains for August to date while the Main Market is lower than the close of July.
Interest rates on Bank of Jamaica CDs fell below 9 percent this past week from a high of nearly 12 percent in March this year as inflation continues to moderate and is within the BOJ-mandated target of 4 to 6 percent for all but two months of the year, setting the stage for permanent ease in interest rates.
Several companies reported increased costs that were not recovered from revenue growth, with some having lower revenues, compounding the problem for these companies. Yet there were some positive results. One such is Elite Diagnostic with fourth quarter results of 9 cents per share an indication of a big hike in the 2025 results. ICInsider.com forecast is for 45 cents per share, putting the stock in the number 2 position on the All JSE ICTOP10 as well as the Junior Market at the same time Consolidated Bakeries Is out of both listings, having reported a loss in the second quarter.
The All JSE ICTOP10 represents the ten best stocks to profit from on the Jamaica Stock Exchange. The list had two changes, with Iron Rock Insurance and Consolidated Bakeries dropping out and replaced by Elite Diagnostic and Pulse Investments.
In the JSE Main Market ICTOP 10, VM Investments gained 20 percent to $3.34 and Jamaica Broilers gained just 4 percent to $35. Berger Paints fell 14 percent to $6.36 and Pulse Investments lost 4 percent to close at $1.53.
In the Junior Market TOP10, Consolidated Bakeries surged 26 percent following a sharp drop in the previous week to close at $2.01, Caribbean Assurance jumped 17 percent to $3.50 and Iron Rock Insurance rose 5 percent to $3.15. Caribbean Cream fell 11 percent to $3.05 and tTech dropped 10 percent to $2.07.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.9, well below the market average of 13.7 and the Junior Market TOP10 sits at 5.9, just over half of the market, with an average of 12.2.
The Main Market ICTOP10 is projected to gain an average of 323 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 267 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 102, with an average of 29 and 20 excluding the highest PE ratios and a PE of 22 for the upper half and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 9 stocks, or 18 percent of the market, with PEs ranging from 15 to 22 and a PE of 16 for the upper half.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Transjamaican pref share was the lead trade
Falling stocks dominated trading on the Jamaica Stock Exchange Main Market on Friday, following a 462 percent surge in the volume of stocks traded and a 128 percent rise in value over Thursday, with Transjamaican Highway preference shares accounting for 81 percent of the volume traded, with trading in 53 securities down from 55 on Thursday, with prices of 20 rising, 26 declining and seven ending unchanged.
The market closed with trading of 48,608,865 shares for $112,089,625 compared with 8,643,170 stock units at $49,192,520 on Thursday.
Trading averaged 917,148 shares at $2,114,899 compared with 157,149 stocks at $894,409 on Thursday and month to date, an average of 373,347 units at $2,857,603 compared with 317,707 shares at $2,933,594 on the previous day and an average of 602,415 stocks at $5,405,031 in July.
Transjamaican Highway 8% led trading with 39.38 million shares for 81 percent of total volume followed by Wigton Windfarm with 2.59 million stock units for 5.3 percent of the day’s trade, Radio Jamaica ended with 2.09 million stocks for 4.3 percent market share and Transjamaican Highway with 1.14 million shares for 2.4 percent of total volume.
The All Jamaican Composite Index slipped 417.07 points to lock up trading at 351,434.14, the JSE Main Index slipped 2,451.83 points to wrap up trading at 306,383.62 and the JSE Financial Index lost 0.13 points to finish at 65.11.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of market activity, AS Bryden dipped $1.48 to $37.50 with a transfer of 474 stocks, Berger Paints sank 49 cents in closing at $6.36 as investors exchanged 4,157 units, Caribbean Cement climbed 49 cents to $64, with 6,847 shares crossing the market. Eppley Caribbean Property Fund rallied $2.75 to finish at $40.75 in an exchange of 84 stock units, General Accident fell 52 cents and ended at $6.50 with investors trading a mere 51 shares, GraceKennedy dropped 60 cents to $73.40 in an exchange of 23,166 stocks. Jamaica Broilers sank $1 in closing at $35 with investors swapping 2,471 units, JMMB Group dropped $1.08 to a 52 weeks’ low of $21.90 after a transfer of 51,609 stock units, Lasco Manufacturing popped 34 cents to close at $6.88 in switching ownership of 31,897 shares. Massy Holdings lost $4 and ended at a 52 weeks’ low of $72 after an exchange of 2,521 units, NCB Financial skidded $1.91 to finish at $52 after 79,602 stocks passed through the market, Pan Jamaica declined $3.90 to end at $46 after an exchange of 88,081 stock units. 
Proven Investments advanced $1.15 to $17.85 after trading 9,656 shares, Salada Foods rose 84 cents to close at $3.85 with investors dealing in 5,629 units, Seprod shed $2.94 and ended at $80.01, with 5,871 stocks changing hands. Supreme Ventures fell 80 cents to end at a 52 weeks’ low of $20.20 with investors trading 17,247 stocks, Sygnus Credit Investments sank 41 cents in closing at $10.78, with 8,544 shares crossing the market, Victoria Mutual Investments rose 68 cents to finish at a 52 weeks’ high of $3.34 in trading 800,123 stock units and Wisynco Group declined 48 cents and ended at $20, with 124,688 stocks crossing the exchange.
In the preference segment, Eppley 7.25% preference share sank $1.70 to $17.80 with traders dealing in 58 units, JMMB Group 7% preference share dipped 50 cents in closing at $2.70 with 500 shares clearing the market and Sygnus Credit Investments C10.5% rallied $1 to end at $102 with an exchange of 2,006 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 68 percent with the value 62 percent lower than on Wednesday, following trading in 55 securities down from 57 on Wednesday, with prices of 22 stocks rising, 19 declining and 14 ending unchanged.
The market closed with 8,643,170 shares being traded for $49,192,520 compared to 26,967,121 units at $129,155,125 on Wednesday.
Trading averaged 157,149 shares at $894,409 compared to 473,107 units at $2,265,879 on Wednesday and month to date, an average of 317,707 stocks at $2,933,594 compared with 336,780 stock units at $3,175,830 on the previous day with an average of 602,415 units at $5,405,031 in July.
Wigton Windfarm led trading with 1.86 million shares for 21.6 percent of total volume followed by QWI Investments with 1.56 million stock units for 18 percent of the day’s trade and Transjamaican Highway with 1.23 million units for 14.2 percent of the day’s trade.
The All Jamaican Composite Index jumped 3,856.25 points to end the day at 351,851.21, the JSE Main Index gained 916.18 points to settle at 308,835.45 and the JSE Financial Index rose 0.33 points to conclude trading at 65.24.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement slipped 98 cents and ended at $63.51 with a transfer of 10,963 stocks, Eppley Caribbean Property Fund sank $2.78 to $38 with 2,161 units clearing the market, Guardian Holdings skidded $8 to finish at $350 in switching ownership of 1,099 shares. Jamaica Broilers increased $3 in closing at $36 after trading 124,645 stock units, Jamaica Stock Exchange fell 79 cents to end at $10.15 after an exchange of 7,551 shares, Lasco Manufacturing dipped 53 cents to close at $6.54 with investors dealing in 42,888 units. NCB Financial popped $3.91 to $53.91 in an exchange of 46,805 stocks, Pan Jamaica rallied $3.39 to close at $49.90 after 100 stock units passed through the market, Proven Investments sank $1 to finish at $16.70 after an exchange of 2,424 shares. 
Salada Foods shed 84 cents to end at $3.01, with 10,512 stocks changing hands, Sterling Investments dropped 40 cents to end at $2 with investors trading 57,326 units, Supreme Ventures rose 40 cents in closing at $21 with 271,213 stock units crossing the market. Sygnus Credit Investments climbed 42 cents to $11.19 in trading 4,311 shares, Sygnus Real Estate Finance advanced 56 cents to close at $10.54 after an exchange of 14 stock units and Wisynco Group gained 48 cents to finish at $20.48 with 41,786 stocks being traded.
In the preference segment, JMMB Group 7.15% – 2028 lost 32 cents and ended at $2.72 crossing the market 38,422 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
